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Key Details
Sold Price $1,350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1001207999
Sold Date 12/13/17
HOA Y/N N
Originating Board TREND
Year Built 1925
Annual Tax Amount $10,881
Tax Year 2016
Lot Size 0.279 Acres
Acres 0.28
Lot Dimensions 80X152
Property Description
Great opportunity to purchase a fully leased property on Main St in Moorestown. There is currently 3+ years left on the current lease along with 2 additional options to extend for 5 years and the current business has no intention to terminate the lease. The potential investment is a 13+ year lease with a positive cash flow. The other upside is the high probability that this property will continue to gain value at a high rate over the life of the lease. This is a 3-story converted home in very good condition inside and out. Note: the numbers above are based on a triple net lease.
Location
State NJ
County Burlington
Area Moorestown Twp (20322)
Zoning COM
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Cooling Central A/C
Flooring Wood
Fireplace N
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available
Water Access N
Roof Type Pitched
Accessibility Mobility Improvements
Road Frontage State
Garage N
Building
Building Description Other, Computer Room
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District Moorestown Township Public Schools
Others
Tax ID 22-04502-00017
Ownership Fee Simple
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Bought with Jenny Albaz • Long & Foster Real Estate, Inc.
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